0001193125-15-172113 Sample Contracts

HERBALIFE LTD. INDEPENDENT DIRECTORS STOCK APPRECIATION RIGHT AGREEMENT

Independent Directors Stock Appreciation Right Agreement • May 5th, 2015 • Herbalife Ltd. • Wholesale-drugs, proprietaries & druggists' sundries

• Contract Type
  Independent Directors Stock Appreciation Right Agreement
• Filed
  May 5th, 2015
• Company
  Herbalife Ltd.
• Industry
  Wholesale-drugs, proprietaries & druggists' sundries

This Independent Directors Stock Appreciation Right Agreement (this “ Agreement ”) dated as of February , 20 (the “ Grant Date ”) between Herbalife Ltd., an entity organized under the laws of the Cayman Islands (the “ Company ”), and [DIRECTOR] (“ Participant ”).